---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-188709"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T14:48:13.000843+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Virginia Appeals Court reverses $2B trade-secret verdict against Pegasystems

## Summary
- Court of Appeals of Virginia reversed judgment on Appian's VUTSA trade-secret claims and remanded for new trial.
- The unanimous panel cited multiple trial-court errors, including preventing Pegasystems from showing its software never used Appian's trade secrets.
- Pegasystems' COO/CFO stated the $2B award was 'never rational' and called the collapsed verdict 'a skyscraper of cards.'
- Pegasystems expects Appian to appeal the decision to the Supreme Court of Virginia.
- The reversal removes an immediate $2B liability; trial on remand will be limited to trade-secret claims.

## SEC filing metadata
- accession: 0001193125-24-188709
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000119312524188709/0001193125-24-188709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000119312524188709/d878750d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-188709
- JSON: https://secwatch.observer/filing/0001193125-24-188709.json
- Plain text: https://secwatch.observer/filing/0001193125-24-188709.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.